Over the past two years, Jeff Gundlach has been alternating between dispensing fire and brimstone, and doom and gloom. More importantly, he has also been right which explains why as his arch nemesis Pimco has been losing billions in AUM, Gundlach's DoubleLine has been getting bigger by the day.
Submitted by Pater Tenebrarum via Acting-Man.com,
A Harrowing Friday – Momentum Stocks Continue to Break Down
The release of Friday’s payrolls report was the worst of all worlds for the US stock market. This typically happens in bear markets: suddenly fundamental data that wouldn’t have bothered anyone a few months ago are seen as a huge problem. Why was it seen as problematic?
Riot police have detained around 10 people protesting outside the central bank in Moscow, who were asking for a better deal on their Forex mortgages after the recent decline of the Russian ruble. The Star reports: Around a hundred protesters gathered outside the bank to demand their loans be converted to rouble mortgages from dollar and euro ones or that their repayments be recalculated using a different rouble exchange rate to take account of the Russian currency’s sharp fall in the last 18 months. Protesters have previously targeted the banks where they first took out their mortgages.
Who do you trust?
Morgan Stanley, Citi, and Goldman risk is exploding...
Transitory? Just like 2007?
It was "contained" then so everything is fine now? Right?
Are the "fiction peddlers" winning?
Since the "great" jobs report, stocks are tanking, the dollar has roundtripped, and bonds & bullion are surging...